HIVE Blockchain Technologies Ltd (HIVE)

[77Port]

Before we are further pummeled into accepting the religion that this is a rotten corpse of a company, let's first drink a toast to success and creativity, the literal hallmark of making things work. Things rarely start out working perfectly. Only in pure minds does anything work according to plan. Creativity, on the other hand, is a more messy process of thinking on one's feet to make it to another day. That's the capitalism I want to buy.

For those who remember as far back as April 2021, using shares HIVE bought 5% of a financial company called Defi Technologies. HIVE understands its weight and size and so it's diversifying, spreading out risk and reward so that it's not all in one basket. It's called creative thinking.

https://hiveblockchain.com/news/hive-completes-share-investment-in-defi-technologies/

Here's the result of that deal.

August 16, 2021: https://www.newswire.ca/news-releases/defi-technologies-reports-valour-etn-aum-at-107m-with-liquid-assets-of-ca-28-67m-with-q2-2021-financial-results-848768165.html

TORONTO, Aug. 16, 2021 /CNW/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (NEO: DEFI) (GR: RMJR) (OTC: DEFTF) announces its strong financial performance for the three and six-month period ending June 30, 2021 since inception.

In Q2 2021 the Company achieved a record of $107M in assets under management ("AUM") in fully owned subsidiary Valour Inc. ("Valour") which is responsible for the Company's portfolio of products of exchange-traded notes ("ETNs"). In Q2 2021, Valour added two new ETNs to the product mix: Polkadot and Cardano - and plan to launch other innovative ETN's in the very near future. Both are available on the Nordic Growth Market in Sweden ("NGM"). With Bitcoin experiencing volatility especially around May 19, 2021, the Company has seen the product mix of their ETNs diversify with about 50% held in Bitcoin and 50% in Ethereum (launched late in Q1 2021), while the AUM of Polkadot, and Cardano ETN's continue to grow.
The Company maintains a very strong liquidity position. Cash and liquid assets at the end of Q2 2021 stand at CA$28.67M, with an additional $0.9m in crypto investments.

No ranting necessary.